Search results
Results from the WOW.Com Content Network
But in the era of AI, surge pricing — or “dynamic pricing,” for those in the business — is becoming a more common tool to help companies pad their margins and, in theory, give a discount ...
The difference with "dynamic ticket pricing" is that ticket prices will fluctuate daily depending on the perceived demand for seats -- but only for 2,000 seats that are the hardest to sell -- in ...
Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing, and variable pricing, is a revenue management pricing strategy in which businesses set flexible prices for products or services based on current market demands. It usually entails raising prices during periods of peak demand and lowering prices during ...
Algorithmic pricing is the practice of automatically setting the requested price for items for sale, in order to maximize the seller's profits. Dynamic pricing algorithms usually rely on one or more of the following data. Probabilistic and statistical information on potential buyers; see Bayesian-optimal pricing. Prices of competitors.
Wendy's recently proposed a new pricing module in line with Uber's surge pricing—where the cost of goods can vary based upon the time of day, location, and current demand—and fans certainly ...
Rate of return pricing or target-return pricing is a method by which a company will set the price of its product based on their desired returns on said product. [1] The concept of rate return pricing is very similar to return on investment, but in this circumstance the company can manipulate its prices to achieve the desired goal.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Dynamic pricing is when ticket prices are increased on primary selling sites – such as Ticketmaster – based on demand. In the case of the recent Oasis ticket sales, customers queued for hours ...